Economic Man

Retired RE and special situations investor (GS and own firm). Economics (Bowdoin College/LSE) and Finance (Univ of Mich). Libertarian. NOT INVESTMENT ADVICE.

[Economic Man @EconomicManBlog]

This is why tennis is the greatest sport in the world.

A 🧵

[Economic Man @EconomicManBlog]

@MykhailoRohoza The explanation for this phenomenon is simple: you assume that voters are smart, rational and informed; you are wrong. I suggest you read, for example, @bryan_caplan 's The Myth of the Rational Voter.

[Economic Man @EconomicManBlog]

This could also be for you, @nickgillespie.

[Economic Man @EconomicManBlog]

You might find this funny, @PhilWMagness.

A great version of Marxist gibberish.

[Economic Man @EconomicManBlog]

You might find this funny, @PhilWMagness.

A great version of Marxist gibberish.

[“paula” @paularambles]

i love her

[Economic Man @EconomicManBlog]

@RicochetRowdy @elonmusk Of course he won't. Because the WSJ is actually very careful about shit like this and they have the receipts. And that POS @elonmusk knows it.

[Economic Man @EconomicManBlog]

Hmmm. The WSJ accuses @elonmusk of lying about the throttling of Starshield. Elon has said that he will always defend himself in court against lies. Any wagers on whether he files a defamation suit?

https://t.co/JJzTWKfqb3

[Economic Man @EconomicManBlog]

@BradMunchen @elonmusk It could be "scorpions in a bottle" scenario, with him and The Idiot (Trump) trying to throw each other under a bus.

[Economic Man @EconomicManBlog]

If the Dems are going to take over the House, then let's hope for a big win. Otherwise, Dem leadership will be beholden to a DSA minority that could cause the same type of chaos that a looney minority has done to the Repubs in the House.

@JonahDispatch

https://t.co/8Gq3SXxmiz

[Economic Man @EconomicManBlog]

@nickgillespie Maybe he is only referring to the Trump administration?

[Economic Man @EconomicManBlog]

@scottlincicome Trump showed his true colors all the way back in the runup to the Iowa caucus in 2016. He praised ethanol.

If you aren't willing to get rid of something as stupid and obvious as the ethanol subsidies, then you are a self-proclaimed swamp creature.

[Economic Man @EconomicManBlog]

@scottlincicome And don't forget the immigrant raids.

https://t.co/puXU6xGZig

[Economic Man @EconomicManBlog]

@jameshrh @ATabarrok @scottlincicome Thanks for the correction on the Flames. I should have done more slow thinking on this. One of the problems of Twitter: it's designed to engage System 1.

[Economic Man @EconomicManBlog]

If Daniel Kahneman (of "Thinking, Fast and Slow" fame) had been a goalie for the Alberta Flame.

@ATabarrok
@scottlincicome

[Iain MacMillan @IainMacBets]

No exaggeration, this guy might be the best interview in pro sports right now

[Economic Man @EconomicManBlog]

@scottlincicome Peter Navarro: Often (really, always) wrong, never in doubt.

[Economic Man @EconomicManBlog]

@scottlincicome Haven't the farmers collected much more than their promised $5,000/person? And the Republicans haven't even won yet. It doesn't seem fair.

[Economic Man @EconomicManBlog]

These fuckers.

[Saint Javelin @saintjavelin]

“I can excuse bombing Ukrainian cities, but I draw the line at damaging russian oil refineries.”

[Economic Man @EconomicManBlog]

@brivael @threadreaderapp unroll

[Economic Man @EconomicManBlog]

The GOAT. The acceleration. The balance. The ability to cut. The ability to read the field. The guy was unstoppable even though he played for very mediocre teams where the opponents were 100% keyed on him.

[Footballism @FootbaIIism]

Kids these days will never truly understand just how great Barry Sanders was...

[Economic Man @EconomicManBlog]

@nickgillespie @JDVance @POTUS The incredible idiocy of @JDVance is that he has sold his soul in order to take up the MAGA mantle after Trump, but even he must be realizing that this will be a poisoned chalice.

Reminds me of this scene.

https://t.co/o5UurYfRg0

[Economic Man @EconomicManBlog]

I am never deleted this app.

@GadSaad

[Autism Capital 🧩 @AutismCapital]

The newest painting in the Louvre. “The Girl with the Suicidal Empathy.” Oil on canvas. Go see it while the Louvre is still standing.

[Economic Man @EconomicManBlog]

@vladtarko @Markyyc8 I've read it. And everyone knows that GDP isn't perfect. But Melenchon is being grossly disingenuous by using these imperfections to try to dismiss GDP entirely -- probably because he at least senses that his policies would totally fail at producing it. So, shoot the messenger.

[Economic Man @EconomicManBlog]

The country most likely to manipulate GDP with economic stupidities is China, often cited by the likes of Melenchon as proof that socialism works.

Empty apartment buildings/airports. Factories producing at a loss. This is exactly the same as digging/refilling.

@vladtarko

[Clash Report @clashreport]

French Presidential Candidate Jean-Luc Mélenchon:

Gross domestic product. I dig a hole, GDP goes up. I fill it in, GDP goes up.

I get into my car, drive into a wall, GDP goes up because we have to rebuild the wall and repair the car.

GDP is just a monetary valuation.